-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...

-The Indian Express Unorganised sector is worst-affected by demonetisation. Can banks go to them? An incident in 2000, during my initial years of work, woke me up to an uncomfortable question about post-economic liberalisation India. I was at a meeting with waste-pickers at Digha in Patna and a woman told me of her troubles with a Rs 500 note. She had saved money and changed it into a Rs 500 note, wrapped...

There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded.   Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...

-The Hindu Riding on this wave, the mobile wallet major expects to process transactions worth Rs.24,000 crore by the end of this year. New Delhi: Paytm, India’s largest mobile payments company and an e-commerce platform, has said that post demonetisation of Rs.500 and Rs.1000 notes, it has touched a record five million transactions a day, against Rs.2.5-3 million transactions earlier. With banks and ATMs unable to meet a high demand for new currency,...

-The Hindu Business Line Villagers of Nageypur, which was adopted by the PM, allege corruption in the cleanliness drive The people of Nageypur, the model village in Varanasi adopted by Prime Minister Narendra Modi, are agitated. The village mainly has two problems—open defecation and clogging of water that flows from kitchens and toilets. Out of its 525 families, less than 200 in this village have pucca toilets. Understanding this, the Prime Minister’s Office offered...